Lebenthal Global Advisors LLC Has $12.72 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Lebenthal Global Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 50,810 shares of the iPhone maker’s stock after purchasing an additional 1,321 shares during the period. Apple accounts for approximately 2.3% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 13th biggest holding. Lebenthal Global Advisors LLC’s holdings in Apple were worth $12,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. O Connor Financial Group LLC raised its holdings in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after acquiring an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after buying an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after buying an additional 46 shares in the last quarter. Menard Financial Group LLC raised its holdings in shares of Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in shares of Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAPL shares. UBS Group boosted their price target on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Moffett Nathanson restated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 price target on Apple in a research report on Friday, January 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

Apple stock opened at $218.27 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a fifty day moving average of $231.82 and a two-hundred day moving average of $233.26. The company has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.